Start-Up Costs and Fees |
||
| Silver Mine Subs | Cheba Hut Toasted Subs | |
| Investment | 197000 - 340000 | 575900 - 939700 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | 4% | 2% |
| Year Founded | 1996 | 1998 |
| Year Franchised | 2002 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Silver Mine Subs | Cheba Hut Toasted Subs | |
| Experience | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. | |
Financing Options |
||
| Silver Mine Subs | Cheba Hut Toasted Subs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Silver Mine Subs | Cheba Hut Toasted Subs | |
| Training | Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters. | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad Templates Social media SEO Website development | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 | |
Expansion Plans |
||
| Silver Mine Subs | Cheba Hut Toasted Subs | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Franchise Fee | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Royalty Fee | |
| Silver Mine Subs | 6% |
| Cheba Hut Toasted Subs | 6% |
| Advertising Fee | |
| Silver Mine Subs | 4% |
| Cheba Hut Toasted Subs | 2% |
| Year Founded | |
| Silver Mine Subs | 1996 |
| Cheba Hut Toasted Subs | 1998 |
| Year Franchised | |
| Silver Mine Subs | 2002 |
| Cheba Hut Toasted Subs | 2002 |
| Term Of Agreement | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Renewal Fee | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
Business Experience Requirements |
|
| Experience | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. |
Financing Options |
|
| Franchise Fees | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Start-up Costs | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Equipment | |
| Silver Mine Subs} | |
| Cheba Hut Toasted Subs | |
| Inventory | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Receivables | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
| Payroll | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |
Training & Support |
|
| Training | |
| Silver Mine Subs | Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters. |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Operations | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
|
| US Expansion | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Silver Mine Subs | 0 |
| Cheba Hut Toasted Subs | |
| International Expansion | |
| Silver Mine Subs | |
| Cheba Hut Toasted Subs | |